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Using data on 2-digit industry for 1981-2004, the study examines the association between growth in total factor productivity and economic reforms. Accordingly, we first compute industry-level productivity growth using advanced econometric techniques and thereafter ascertain the time frame over...
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The growth of India's manufacturing sector since 1991 has been attributed mostly to trade liberalization and more … permissive industrial licensing. This paper demonstrates the significant impact of a neglected factor: India's policy reforms in …
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